Your total mortgage payment consists of the principal, interest, property taxes, homeowners insurance and mortgage insurance (if applicable). If you’re considering buying or refinancing your home, there are some ways that you may be able to lower your total mortgage payment.
Tips for Lowering Your Mortgage Payment
May 17, 2024 by Leave a Comment
Searching for your Dream Home? Consider a Renovation Mortgage.
May 5, 2024 by Leave a Comment
If you have been finding the current lack of inventory a challenge, you may want to consider a renovation mortgage. A renovation mortgage (or rehab loan) allows you to finance improvements to the property beyond the sales price of the home. The renovations begin after closing and there are no restrictions on the types of improvements. You can even use this on your existing home as a refinance if you love your location and neighbors and just want to make changes to your home. [Read more…]
Predicting Mortgage Rates is like forecasting Weather
May 3, 2024 by 1 Comment
Trying to predict mortgage rates is very similar to forecasting our weather in our beautiful Pacific Northwest. There are economic indicators with data that result in mortgage rates going down or raising higher just as there are weather patterns and pressure systems that typically indicate sunnier days or a storm approaching. Sometimes the reports that are being relied on can conflict with each other making it more difficult to make an accurate prediction. [Read more…]
Are you considering an ADU?
April 30, 2024 by Leave a Comment
Have you been considering a “mother-in-law” apartment or backyard cottage? This type of dwelling is technically referred to an accessory dwelling unit aka “attached dwelling unit” (ADU) or detached dwelling unit (DADU). [Read more…]
My Initial Thoughts on the Middle Housing Class
April 19, 2024 by 1 Comment
Wow!
Thursday, our classroom at our Kent office was packed with real estate agents wanting to learn the latest on the new zoning laws impacting neighborhoods in Washington. Richard Hagar did an amazing job covering this complicated subject. If you are a real estate agent, appraiser or city planner, I highly recommend attending one of his classes. The class focuses on the impacts of state regulations HB1110 and HB1337. [Read more…]
